By Mac Anderson. Founder, Simple Truths In 1972, Jim Cathcart was working at the Little Rock, Arkansas Housing Authority, making $525 a month, with a new wife and baby at home, no college degree, no past successes, and not much hope for the foreseeable future. One morning, he was sitting in his office listening to… Read More »
Nifty Futures is trading in Discount of 40 Point to Nifty Spot. Nifty has rallied almost 680 from the Lows of 6826 on Budget day and did 3 back to back 100 pointer day but still trading in discount. If Nifty future is trading higher than nifty spot, then nifty future is trading with… Read More »
LT Positional/Swing Traders can use the below mentioned levels Close above 1220 Tgt 1272/1317 Intraday Traders can use the below mentioned levels Buy above 1220 Tgt 1234,1250 and 1272 SL 1210 Sell below 1200 Tgt 1185,1160 and 1140 SL 1210 Titan Positional/Swing Traders can use the below mentioned levels Close above 345 Tgt 356/364 Intraday… Read More »
As discussed in last analysis Green Arc resistance comes @15565 and the same is also coming as per supply demand analysis so bank nifty needs to close above 15136 for next move towards 15565, Support is now at 14700-14800 zone. Finally we closed above 15136 so follow up move should be see till 15136 is held… Read More »
FII’s bought 4.9 K contract of Index Future worth 259 cores ,9.4 K Long contract were added by FII’s and 4.5 K short contracts were added by FII’s. Net Open Interest increased by 13.9 K contract, so rally in market was used by FII’s to enter long and enter shorts in Index futures. How to Maintain… Read More »
In my Last Article i have highlighted the importance of trading Journal. But what most of new traders do is record their trades over a period of time and keep record on Profit and loss. They fail to realize is that’s just the beginning. Keeping track of your trading performance is much more than just… Read More »
BEML Positional/Swing Traders can use the below mentioned levels Close above 1036 Tgt 1076 Intraday Traders can use the below mentioned levels Buy above 1036 Tgt 1042,1055 and 1076 SL 1030 Sell below 1020 Tgt 1010,998 and 989 SL 1026 Biocon Positional/Swing Traders can use the below mentioned levels Close above 482 Tgt 502… Read More »
FII’s bought 25 K contract of Index Future worth 1188 cores ,20.3 K Long contract were added by FII’s and 5.1 K short contracts were liquidated by FII’s. Net Open Interest increased by 15.1 K contract, so rally in market was used by FII’s to enter long and exit shorts in Index futures. Are you Loss… Read More »
As discussed in last analysis Now we need a close above 14272 which is gann trend line for a 500 point run on upside else again we might see a drop to 13400-13500. Bank Nifty moved above 14272 and almost did 900 points on upside and also crossed the resistance zone of 14590-14640 with a… Read More »
Its an well known adage in Stock market “90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader”. So trading seems to be highly profitable profession if you are in top 5% but its a loss making profession for remaing 95%. So let me discuss few characteristic of Bad… Read More »